Warren Buffett sees High Inflation Ahead, Video

Sunday, October 11, 2009




"We are certainly doing things that can lead to a lot of inflation"

Warren Buffett on CNBC, March 09, 2009

These are the interview highlights:

"The economy, ever since we talked in September, we talked about it being an economic Pearl Harbor and how--what was happening in the financial world would move over to the real world very quickly. It's fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their behavior like nothing I've ever seen. Luxury goods and that sort of thing have just sort of stopped, and that's why Wal-Mart s doing well and you know, and I won't name the ones that are doing poorly."

"And I've never seen the consumer or the Americans just generally more fearful than this. And they're also confused. And you can get fearful very quickly, but you don't get confident, you know, in five minutes. You can get fearful in five minutes, but you won't get confident for some time. And government is going to play an enormous factor in how fast it comes back. And if you're confused and fearful, you don't get over being fearful till you aren't confused."

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